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Cash

£19B

-6.7% vs 2024

Net assets

£6.4B

-3.5% vs 2024

Employees

734

+0.5% vs 2024

Profit before tax

£636M

+26.9% highest in 3 filed years

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £1,163,000,000£1,216,000,000£1,140,000,000 -6.3%
Operating profit £459,000,000£501,000,000£668,000,000 +33.3%
Profit before tax £454,000,000£501,000,000£636,000,000 +26.9%
Net profit £364,000,000£404,000,000£541,000,000 +33.9%
Cash £20,308,000,000£18,941,000,000 -6.7%
Total assets less current liabilities
Net assets £6,591,000,000£6,361,000,000 -3.5%
Equity £6,591,000,000£6,361,000,000 -3.5%
Average employees 730734 +0.5%
Wages £161,000,000£168,000,000 +4.3%
Directors' remuneration £1,380,000£1,319,000 -4.4%

Values shown as filed in the company's annual accounts. indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show . About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-312025-12-31
Operating margin 39.5%41.2%58.6%
Net margin 31.3%33.2%47.5%
Interest cover 0.20x0.22x0.34x

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Name history

Renamed 2 times since incorporation

  1. LLOYDS BANK CORPORATE MARKETS PLC 2017-04-21 → present
  2. LLOYDS BANK CORPORATE MARKETS LIMITED 2017-04-21 → 2017-04-21
  3. 25 GRESHAM FINANCE LIMITED 2016-09-28 → 2017-04-21

Audit & accounting basis

Accounting basis
IFRS
Reporting scope
Consolidated group
Auditor
Deloitte LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The going concern of the Bank and LBCM Group is appropriate, as confirmed by the directors, and the directors have a reasonable expectation that the Bank and LBCM Group have adequate resources to continue in operational existence for the foreseeable future.”

Group structure

  1. LLOYDS BANK CORPORATE MARKETS PLC · parent
    1. Lloyds Americas Securities Corporation 100% · USA
    2. Lloyds Bank Corporate Asset Finance No.12 Limited 100% · England & Wales
    3. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH 100% · Germany
    4. Lloyds International Management Services (Jersey) Limited 100% · Jersey
    5. Lloyds Securities Inc. 100% · USA

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

10 active · 19 resigned

Name Role Appointed Born Nationality
SLATTERY, Sharon Noelle, Mrs. Secretary 2017-08-03
ABUEITA, Victoria Anne Director 2026-02-26 Oct 1980 British
ANDERSON, Ruth Louise Director 2025-04-01 Mar 1977 British
ANTUNES DA SILVA, Carla Director 2023-02-01 Jun 1974 Portuguese,British
BASTEN, Mark Christopher Director 2023-02-09 Dec 1959 British
BOSTOCK, Nathan Mark Director 2024-08-01 Oct 1960 British
HENRIKSON, Eve Alexandra Director 2020-09-01 Jun 1980 British
MEHARRY, Catriona Regina Director 2026-01-01 Aug 1977 British
OWEN, John Samuel Ward Director 2017-09-29 Jun 1961 British
TODD, David Andrew Thompson Director 2026-02-12 Feb 1965 British
Show 19 resigned officers
Name Role Appointed Resigned
LLOYDS SECRETARIES LIMITED Corporate Secretary 2016-09-28 2017-08-03
ANTUNES-DA-SILVA, Carla Director 2018-03-14 2022-09-08
BESTER, Andrew John Milton Director 2017-03-22 2017-08-03
CULMER, Mark George Director 2016-09-28 2017-08-03
CUMMINS, John James Director 2017-09-29 2022-02-28
DAGLISH, Julienne Clare Director 2021-04-22 2026-02-25
EDIS, Christopher James Kotecha Director 2019-02-01 2021-04-05
GRANT, Mark Andrew Director 2017-08-03 2020-01-31
HILLARY, Cecile Director 2022-11-09 2025-02-28
LAWRENCE, Emma Louise Director 2021-06-07 2022-07-07
LUPTON, Lord (James Roger Crompton) Director 2017-08-03 2024-05-16
MCINTYRE, Andrew James Director 2017-09-29 2026-03-31
MINGAY, Rupert Henry Director 2022-04-11 2022-09-30
PIERS, Philip Jeremy Director 2017-08-03 2019-01-31
SHRIMPTON, Richard Douglas Director 2025-03-01 2025-09-30
SMITH, Letitia Mary Director 2020-10-26 2021-06-04
ST LOUIS, Rose Marie Director 2022-09-27 2024-05-17
STOCK DA CUNHA, Eduardo José Director 2020-02-01 2023-01-31
TIPPIN, Jennifer Louise Director 2018-03-14 2020-04-24

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Lloyds Banking Group Plc Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-09-28 Active

Filing timeline

Last 20 of 107 total filings

Date Type Category Description
2026-04-08 TM01 officers Termination director company with name termination date PDF
2026-03-11 CS01 confirmation-statement Confirmation statement with no updates PDF
2026-03-06 AP01 officers Appoint person director company with name date PDF
2026-03-06 TM01 officers Termination director company with name termination date PDF
2026-03-06 AA accounts Accounts with accounts type group
2026-02-18 AP01 officers Appoint person director company with name date PDF
2026-01-05 AP01 officers Appoint person director company with name date PDF
2025-10-08 TM01 officers Termination director company with name termination date PDF
2025-04-03 AP01 officers Appoint person director company with name date PDF
2025-03-13 AA accounts Accounts with accounts type group
2025-03-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-03-03 AP01 officers Appoint person director company with name date PDF
2025-03-03 TM01 officers Termination director company with name termination date PDF
2024-09-30 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-08-14 CH01 officers Change person director company with change date PDF
2024-08-08 AP01 officers Appoint person director company with name date PDF
2024-05-20 TM01 officers Termination director company with name termination date PDF
2024-05-20 TM01 officers Termination director company with name termination date PDF
2024-04-10 AA accounts Accounts with accounts type group
2023-09-27 CS01 confirmation-statement Confirmation statement with updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
8

last 12 months

Capital events
0

last 24 months

Officers appointed
3

last 12 months

Officers resigned
3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page